Archive for April, 2011

General Motors designs new turbo-diesel engine to be used first in Indian market

Thursday, April 28th, 2011

Torino, Italy – A multinational team led by GM’s Torino Engineering Center and supported by engineers from GM India announced that production of a 1.0-liter three-cylinder diesel engine will start in June 2011. The diesel expertise of the GM’s Torino engineers has resulted in an engine that is expected to enhance GM’s competitiveness in the [...]

Daimler AG executed Mercedes-Benz S-class Model 221 Recall

Thursday, April 28th, 2011

In accordance with the relevant provisions in the Management Regulations on the Recall of Defective Vehicle Products, recently, Daimler AG submitted a recall report to State General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) of the People’s Republic of China, in which it expressed that it will recall the imported Mercedes-Benz S-Class (Model 221), [...]

Consolidated Business Results for the Fiscal Year Ended March 31, 2011

Thursday, April 28th, 2011

Komatsu Ltd. announced its business results for the fiscal year ended March 31, 2011 as follows.

During the fiscal year under review, Komatsu recorded consolidated net sales of JPY1,843.1 billion (USD22,206 million, at USD1=JPY83), up 28.7% from the previous fiscal year. While the Japanese currency appreciated sharply against the U.S. dollar, Euro and Renminbi from the [...]

Bosch Limited Registers 39.6 % Sales growth in FY 2010

Thursday, April 28th, 2011

Bangalore – Bosch Limited has registered a robust and impressive revenue growth of 39.6 % for the year ending December 2010. The growth saga continued in all segments of the automotive market and non automotive segment as well, resulting in remarkable growth in the overall business.
The company posted net sales of Rs. 6630 crores in [...]

BMW Takes Two Prizes in 2011 Kelley Blue Book Brand Image Awards

Thursday, April 28th, 2011

New York, NY – At the New York International Auto Show, BMW was presented with both the “Coolest Brand” and “Best Performance Brand” awards in Kelley Blue Book’s 2011 Brand Image Awards.
“What could be cooler than The Ultimate Driving Machine,” said Jim O’Donnell, President and CEO of BMW of North America. “We are redefining performance [...]

Ssangyong Motor Company announces its highest sales record since the third quarter of 2008

Wednesday, April 27th, 2011

Ssangyong Motor Company announced that the company has sold 24,741 units of its vehicles – 9,974 units in the Korean market and 14,767 units in exports (CKD included) during the first quarter of this year, recording 620.5 billion won of sales income. This is the highest sales since the third quarter of 2008.
The sales [...]

Mitsubishi Motors Celebrates Eclipse Model Legacy With The 2012

Wednesday, April 27th, 2011

From its early days as a sleekly-styled, turbocharged-4-cylinder boy racer model, right up through to its current design as a sophisticated yet distinctive-looking two-door with available V-6 power, the Mitsubishi Eclipse Coupe and Eclipse Spyder have long been tailor-made for the true driving enthusiast.
But after a long and successful run as the Japanese auto manufacturer’s [...]

MHRIL Q4 results

Wednesday, April 27th, 2011

Mumbai – Mahindra Holidays & Resorts India Limited (MHRIL), one of India’s leading leisure hospitality providers offering quality family holidays and a part of the $11.1 billion Mahindra Group, released its year end results for FY 2011.
The standalone Annual Total Operating Income and PAT of the Company stood at INR 522.46 Cr and INR 102.76 [...]

Mahindra launches ‘Verito’, the Logan with Mahindra badge

Wednesday, April 27th, 2011

Mumbai – Mahindra & Mahindra Ltd., a part of the US $ 11.1 billion Mahindra Group, announced the launch of its sedan – the Verito. The new Verito retains the famed strengths of the Logan, while adding a new style with some key changes. Now equipped with several rugged and sporty styling elements, the Verito [...]

Mahindra Finance announces F-2011 Results

Wednesday, April 27th, 2011

Mumbai – The Board of Mahindra & Mahindra Financial Services Ltd (Mahindra Finance), a leading provider of financial services in the rural and semi-urban markets, announced the financial results for the year ended 31st March 2011.
F-2011 Standalone ResultsThe Total Income increased by 28% at Rs.2013 crores during the year ended 31st March 2011 as against [...]

All-New 2012 Honda Civic Si Adds Power and Features

Wednesday, April 27th, 2011

The all-new 2012 Civic Si Coupe and Civic Si Sedan prioritize the performance potential of the Civic platform with a 201–horsepower i-VTEC® 4-cylinder engine, a sport-tuned suspension and exclusive features for the enthusiast driver.
“The Civic Si represents the sporty flagship of the Civic series,” said John Mendel, executive vice president of American Honda Motor Co., [...]

2012 Mitsubishi I – At-A-Glance

Wednesday, April 27th, 2011

The breakthrough Mitsubishi is the most affordable 100% electric-powered mass-market production vehicle available in North America. Its net MSRP* after federal tax credit is a very affordable $20,490 for the standard ES model and only $22,490 for the upgrade SE version, making the starting price for the all-new Mitsubishi i several thousand less than other [...]

2012 Honda Civic Natural Gas Represents Proven Alternative

Wednesday, April 27th, 2011

America’s only manufacturer-built natural gas passenger car provides a stylish and viable alternative to gasoline and electric vehicles The all-new 2012 Honda Civic Natural Gas leverages the style and refinement of the Civic Sedan with the wide-ranging environmental and historical operational cost advantages of a vehicle run exclusively on compressed natural gas (CNG).
“The Civic Natural [...]

2012 Honda Civic – Overview

Wednesday, April 27th, 2011

OverviewThe all-new 2012 Honda Civic represents the ninth generation of one of the company’s most popular and globally recognized products. Having earned a reputation for being a fun-to-drive compact that is simultaneously fuel efficient, sporty, stylish and durable, the Civic has become a beloved and relied-upon member of the worldwide transportation family. Cumulatively, the Civic [...]